by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Oehrlein School of Cosmetology can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Oehrlein School of Cosmetology offer you, and what will you qualify for? Read on for more information. Keep going to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Oehrlein School of Cosmetology.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Oehrlein School of Cosmetology, 73% of first-time, full-time freshmen received some form of financial aid around 36 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $6,448 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 45% | $6,448 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $5,784 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Oehrlein School of Cosmetology, roughly 51% of undergrads got grants or scholarships worth on average $5,283 (covering around 41 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,283 |
| Federal Pell grants | 51% | $5,283 |
| Federal student loans | 65% | $5,687 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,940.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,418 |
| $30,001 – $75,000 | $9,244 |
| Over $75,000 | $14,315 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,671 |
| Off-campus title-IV students | $9,979 |
To get a personalized net price estimate, try Oehrlein School of Cosmetology’s net price tool: oehrleinschool.com/NetPriceCalculator/index.html.
The middle student in the debt distribution at Oehrlein School of Cosmetology owes $9,833 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,833 |
| Median federal debt (graduates only) | $9,833 |
| Typical 10-year monthly payment (graduates) | $104.25/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Oehrlein School of Cosmetology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,925 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at Oehrlein School of Cosmetology.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Oehrlein School of Cosmetology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 601 |
| Total Stafford loan amount | $4,723,287 |
References
More about our data sources and methodologies.